As my previous Analysis was right Weekly EMA200 stopped the upwards trend followed by a sharp selloff. I would wait now for a correctional wave upwards to enter a short targetting the lower line of the triangle. Then it starts to become interesting. As the EURUSD has limited upward potential we could go Long there ...
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AncientM
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Opportunity to go long guys...
Chartreader
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It is upto the historical support of below 0.908, unpredictable a this moment!One more daily candle can confirm it...
mkgone
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Yes indeed. Take a look at CHF index: stooq.com/q/?s=chf_i. Price hit already 380 and bouced off.
sunny
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hi guys. how does it look now?
mkgone
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I expect a gapclose - so a little downward move...
Chartreader
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Hey Gone:
Great bull setup Yesterday! I have bagged sth. already.
mkgone
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I would close Shorts now...
Chartreader
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Hi
I normally trade H4 and daily charts. According to my analysis, the price is at a support zone now. No trade should be executed now.
mkgone
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you're right that's why I wrote "I would wait now for a correctional wave upwards to enter a short.." (at about 0.96~).
Chartreader
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Now the down signal is confirmed on the weekly chart and even on shorter time frame, good forecast mkgone!